09-Haygood Clock Resolution; Agreement and photograph

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DONATION AND MAINTENANCE AGREEMENT This Agreement is entered into this day of January, 2011, by and between Mrs. Louise Hagood, 556 Fitzhugh Avenue, Paris, Texas, 75460 (hereinafter "DONOR"), and the City of Paris, Texas, a home-rule Municipal Corporation, 135 ls` Street SE, Paris, Texas 75460, (hereinafter "CITY"). WHEREAS, Mrs. Louise Hagood wishes to donate a sixteen-foot (16') tall Madison Street Clock manufactured by The Verdin Company (hereinafter the "Clock") to the City of Paris, in memory of her late husband, Colonel Thomas Monroe Hagood, Jr., for placement on City Property at the southeast corner of the Downtown Plaza; and, WHEREAS, pursuant to Resolution No. , the City Council of the City of Paris, Texas, has agreed to accept the gift of this Clock from Mrs. Hagood for placement on the Downtown Plaza and the CITY has agreed to care for and maintain the Clock during its useful life. NOW THEREFORE, in consideration of the gift of the Clock to CITY and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, DONOR and CITY hereby agree as follows: 1. DONOR will donate, deliver and install a sixteen-foot (16') tall Madison Street Clock manufactured by The Verdin Company to the City of Paris, Texas for installation on the southeast corner of the Downtown Plaza or at such other location as the Parties to this Agreement may decide to locate the Clock. 2. DONOR shall purchase the Clock at her own expense and pay for delivery and installation of the Clock at the agreed location on the Downtown Plaza, Paris, Texas. 3. DONOR shall obtain a two-year warranty on the Clock from the Manufacturer (including a full warranty on all parts and labor). All warranty papers on the Clock obtained by DONOR shall be transferred and assigned to the CITY upon execution of this Agreement. 1 EXHIBIT A